SEOUL, Aug. 29 (Korea Bizwire) — Industrial accidents at workplaces caused an estimated loss of nearly 30 trillion won (US$25.6 billion) last year, data showed Sunday, with the country seeking to impose heavy punishment on employers in the event of workplace disasters starting next year. The losses caused by industrial accidents were estimated at 29 [...]
SEOUL, Sept. 24 (Korea Bizwire) — The total sum of damages in terms of principal and interest paid out by the government to various victims has soared this year to three times the average paid over the last five years. According to data that was submitted by the Ministry of Justice to lawmaker Joo [...]
SEOUL, June 15 (Korea Bizwire) – A recent survey has showed that 9 out of 10 Korean lawyers support a revision of the Korean legal system to allow for the implementation of punitive damages. Punitive damages refer to a policy in which defendants are obliged to pay a greater amount of damages when general compensatory damages [...]